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Deer Horn's First Nations partner to work with major US-based NGO to target historical placer gold mine sites in B.C. & Yukon

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In April, Deer Horn was invited to participate with its new First Nations partner in the creation of “Newco”, now renamed Cheona, with Deer Horn holding a 49% interest in the venture.

Additional Information:

Company: Deer Horn Capital
Website: http://www.deerhorncapital.ca
Stock Symbol: CSE: DHC
Date Published: May 14, 2019
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Deer Horn Capital’s First Nations partner Cheona Metals has concluded an agreement with a major, US-based environmental and social NGO to target historical placer gold mine sites for re-mining and restoration of fish habitat.

In April, Deer Horn was invited to participate with its new First Nations partner in the creation of “Newco”, now renamed Cheona, with Deer Horn holding a 49% interest in the venture.

This venture is part of Deer Horn’s mission to find solutions for a more sustainable future by partnering with First Nations groups and building long-term cooperation and relationships.

Using sustainable techniques, Cheona will target areas in British Columbia and Yukon Territory, regions renowned as globally significant habitat for salmon and other anadromous fish species.

A 2017 report by the Fair Mining Collaborative stated that there is currently no reclamation at the vast majority of B.C. placer mines and that a Ministry of Environment Placer Audit found only 1 of the 26 mines visited were undertaking the reclamation work required by their permit.

Deer Horn, Cheona Metals and the NGO will work with First Nations, miners, communities, conservationists, agencies, restoration experts and others to produce gold that tells a positive story in the marketplace and demonstrates the value of restoration.

Tyrone Docherty, President and CEO, stated: “We will provide more details on this landmark agreement when we have clearance to do so. However, with the agreement in place and funds advanced to Cheona to begin the process of identifying potential sources of placer gold, we are able, and obligated, to announce preliminary information. We applaud this support for sustainable, small-scale mining. The agreement also aligns perfectly with our mission to build a new revenue model for the junior resource industry by partnering with industry and NGO leaders in critical and strategic metals extraction, manufacturing, supply and research as well as with relevant governmental and educational institutions. It goes a long way towards furthering our vision of helping companies and organizations find solutions for a more sustainable future.”

Gold produced from the re-mining and restoration operations will then enter the electronics and jewelry supply chains. This sourcing initiative is part of a larger, multi-agency effort to facilitate increased responsible sourcing from smaller mines while contributing to improved social and environmental performance of the small-scale mining sectors.

Deer Horn Capital is committed to exploring for, and providing, strategic and critical metals vital to a low-carbon economy and for the advancement of technology.

The company’s leadership has a track record of project monetization with a board and advisory group that includes industry leaders in finance, mineral property development, geology, mineralogy, solar power, engineering, research and First Nations engagement and economic development.

Deer Horn’s flagship property, a gold-silver-tellurium deposit in west-central British Columbia, is located 135 kilometres southwest of the community of Burns Lake and 36 kilometres south of the Huckleberry mine.

The shares are currently trading at $0.19.

For more information, please visit the company’s website at www.deerhorncapital.ca, contact Tyrone Docherty, President and CEO, at 604-789-5653 or email tyrone@deerhorncapital.ca.

I’m Megan Edwards for Investmentpitch Media